Arete Wealth Advisors LLC Sells 2,717 Shares of Crocs, Inc. (NASDAQ:CROX)

Arete Wealth Advisors LLC lessened its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 13.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,342 shares of the textile maker's stock after selling 2,717 shares during the quarter. Arete Wealth Advisors LLC's holdings in Crocs were worth $1,900,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. HighTower Advisors LLC boosted its position in shares of Crocs by 122.8% during the 3rd quarter. HighTower Advisors LLC now owns 17,307 shares of the textile maker's stock valued at $2,507,000 after acquiring an additional 9,539 shares in the last quarter. Motley Fool Asset Management LLC boosted its holdings in Crocs by 48.1% during the third quarter. Motley Fool Asset Management LLC now owns 12,859 shares of the textile maker's stock valued at $1,821,000 after purchasing an additional 4,179 shares in the last quarter. Quarry LP bought a new stake in shares of Crocs in the 3rd quarter valued at approximately $104,000. Stifel Financial Corp raised its holdings in shares of Crocs by 5.0% in the 3rd quarter. Stifel Financial Corp now owns 10,994 shares of the textile maker's stock worth $1,592,000 after buying an additional 523 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Crocs by 0.7% during the 3rd quarter. State Street Corp now owns 1,812,493 shares of the textile maker's stock worth $262,467,000 after buying an additional 13,467 shares during the period. 93.44% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Shannon Sisler sold 4,659 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now directly owns 29,299 shares in the company, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the transaction, the executive vice president now directly owns 89,323 shares of the company's stock, valued at $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by company insiders.

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Crocs Trading Up 11.5 %

NASDAQ CROX traded up $10.27 during trading hours on Wednesday, hitting $99.59. The company's stock had a trading volume of 3,276,528 shares, compared to its average volume of 1,439,237. The stock has a fifty day moving average of $102.03 and a 200 day moving average of $110.59. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $5.58 billion, a P/E ratio of 6.23, a PEG ratio of 1.80 and a beta of 1.62. Crocs, Inc. has a twelve month low of $86.11 and a twelve month high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last issued its earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating the consensus estimate of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. Equities research analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on CROX. KeyCorp dropped their price objective on Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Needham & Company LLC restated a "buy" rating and issued a $129.00 price target on shares of Crocs in a research report on Thursday, February 13th. Bank of America raised their price objective on shares of Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Robert W. Baird decreased their price target on Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Finally, Guggenheim cut their price objective on Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $144.53.

Crocs Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.